Nationwide Building Society has announced that it is to cut a selection of it’s fixed and tracker rates by up to 0.30%.

Nationwide is currently waiving the £599 reservation fee, for a limited period, for existing borrowers who are looking to switch their Nationwide deal.

All customers who have a mortgage interview in a branch or over the phone before 30 September will be entered into a free prize draw and 10 lucky winners will have their mortgage payments up to £10,000 made by Nationwide for a whole year.

Matthew Carter, Nationwide’s director of mortgages, said: “Nationwide is committed to offering good value mortgage deals in what has become a challenging time for borrowers. We are pleased to be in a position to reduce rates for the third time in six weeks, and will continue to look for opportunities to make further reductions, where possible. Customers can choose from a range of fee and rate combinations to suit their needs; whether they are buying a home, remortgaging, switching their current mortgage deal or taking a further advance.”